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The government suggests that web-based digital media should be regulated.Calling it parallel media, the Centre says web portals use spectrum or radio airwaves and internet which are public property.

D’Souza’s fund raise comes at a time when private equity dealmaking has slowed down on account of the Covid-19 pandemic. D’Souza will also be an investor in the fund. US compensation research firm Equilar estimates that D’Souza realised $191.4 million in total compensation during his tenure as CEO from 2007, a majority of that in the form of stocks and options.

The PE investor had claimed nil withholding tax on the capital gains made from the 2018 sale of its Flipkart stake to Walmart. There is enough substance and decision making in the deal structure to get India-Mauritius treaty benefits. The AAR has not gone into all the aspects of the deal before it denied treaty benefits to Tiger Global,” said a person with direct knowledge of the matter

Electric vehicles will not be able to gain any significant traction due to high prices and lack of direct and indirect fiscal stimulus from the union and the state governments.

App-based lenders likely to be added to a list of banned entities being compiled by the Union government.The potential implications of a data compromise from fintechs such as lending apps are quite grave, since it involves sharing sensitive financial data of the user to the lender.

Regulator Irdai on Monday permitted life and general insurers to conduct KYC of prospective customers through Video Based Identification Process (VBIP), a move that will help company officials to complete mandatory requirement online during the pandemic. The objective of the VIBP, Insurance Regulatory and Development Authority of India (Irdai) said, is to leverage various electronic platforms to simplify know your customer (KYC) process and make it customer-friendly. Insurers may undertake live VBIP by developing an application, which will facilitate the KYC process either online or face-to-face.

Talks to set up an R&D centre comes a year after Tesla chief Elon Musk expressed his intent to have a presence in India, although he had earlier blamed restrictive policy, which delayed entry into the world’s fourth largest automobile market

Microsoft confirmed that Bethesda’s franchises will be added to Xbox Game Pass as a result.

A couple of Google Pay support pages went up recently to help people get on board with the new card payment option. Right now, only Axis Bank credit/debit and SBI credit cards are supported.